Envestnet - ENV Stock Forecast, Price & News

Envestnet, Inc., together with its subsidiaries, provides wealth management software and services in the United States and internationally. It operates through Envestnet Wealth Solutions and Envestnet Data & Analytics segments. The company's product and services include Envestnet | Enterprise, which provides an end-to-end open architecture wealth management platform, as well as offers data aggregation and reporting, data analytics, and digital advice capabilities; Envestnet | Tamarac that provides trading, rebalancing, portfolio accounting, performance reporting, and client relationship management software; and Envestnet | MoneyGuide that provides goals-based financial planning solutions to the financial services industry. It also provides Envestnet | Retirement Solutions, which offer a suite of services for advisor-sold retirement plans; and Envestnet | Portfolio Management Consultants that provide research and consulting services to assist advisors in creating investment solutions for their clients, and portfolio overlay and tax optimization services, as well as data aggregation and data intelligence platform, which offers cloud-based innovation for digital financial services. Envestnet, Inc. was founded in 1999 and is headquartered in Chicago, Illinois.

Envestnet Trading Down 1.0 %

Envestnet stock traded down $0.63 during trading on Monday, hitting $59.88. The company had a trading volume of 277,542 shares, compared to its average volume of 482,033. Envestnet has a 1-year low of $49.08 and a 1-year high of $85.99. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 0.54. The company's 50 day simple moving average is $55.14 and its 200-day simple moving average is $66.69. The stock has a market cap of $3.31 billion, a price-to-earnings ratio of -110.02 and a beta of 1.16.

Envestnet (NYSE:ENV - Get Rating) last posted its earnings results on Thursday, August 4th. The business services provider reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.03. Envestnet had a negative net margin of 2.42% and a positive return on equity of 7.52%. The firm had revenue of $318.90 million during the quarter, compared to the consensus estimate of $324.02 million. During the same quarter last year, the firm earned $0.35 EPS. The firm's revenue for the quarter was up 10.5% on a year-over-year basis. As a group, analysts expect that Envestnet will post 1.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on ENV. DA Davidson decreased their target price on Envestnet from $86.00 to $70.00 and set a "buy" rating on the stock in a research report on Friday, July 1st. TheStreet cut Envestnet from a "c-" rating to a "d+" rating in a research note on Friday, June 17th. Piper Sandler dropped their price objective on Envestnet from $73.00 to $54.00 and set a "neutral" rating on the stock in a research note on Friday, June 17th. JMP Securities dropped their price objective on Envestnet from $97.00 to $80.00 and set a "market outperform" rating on the stock in a research note on Tuesday, July 12th. Finally, William Blair restated an "outperform" rating on shares of Envestnet in a report on Monday, July 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $72.33.

Insiders Place Their Bets

In other Envestnet news, CEO William Crager purchased 920 shares of the company's stock in a transaction on Wednesday, June 29th. The stock was acquired at an average price of $53.79 per share, for a total transaction of $49,486.80. Following the completion of the purchase, the chief executive officer now directly owns 306,241 shares in the company, valued at approximately $16,472,703.39. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.44% of the company's stock.